LYC 2.89% $5.69 lynas rare earths limited

News: LYC Malaysia sets licence renewal conditions for rare earths miner Lynas

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    KUALA LUMPUR, Dec 4 (Reuters) - Malaysia's Energy and Environment Ministry on Tuesday set conditions for future renewal for rare earths miner Lynas Corp's (LYC) licences to operate in the country.

    The ministry said in a statement that Lynas must remove radioactive residues from Malaysia and will need to submit an action plan for non-radioactive waste disposal for future licences or permission renewals.

    In a report issued on the ministry's website, a committee commissioned to review Lynas' processing plant also recommended improvements to residue management, periodic health monitoring and studies to identify the source of heavy metals in areas near the plant.

 
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